CapitalPlus Provides $250,000 Spot Factoring Facility to Arizona-Based Concrete Subcontractor

Knoxville, TN – May 1, 2024 – CapitalPlus Financial Services, a leader in construction-specific factoring, announced today that it has extended a $250,000 spot factoring working capital facility to a rapidly growing concrete subcontractor based in Arizona. The newly established subcontractor, unable to secure traditional financing, turned to CapitalPlus to support their burgeoning business needs.

Because lines of credit from banks typically favor established companies, especially in the construction trade, financial options can be few and far between. For this reason, the subcontractor turned to CapitalPlus' spot factoring solution. Fewer application requirements and quicker funding allowed them to proactively place larger material orders with their suppliers and compete for more substantial projects.

"Helping construction companies manage their financial operations more effectively and grow, particularly when facing limitations, is at the core of what we do," said Curt Powell, Vice President of Sales. "Our tailored factoring services ensure that new and growing companies in the construction sector have the working capital they need to succeed."

About CapitalPlus Financial Services
CapitalPlus Financial Services specializes in providing tailored working capital solutions to the construction industry. With a focus on addressing the unique challenges faced by construction companies, CapitalPlus has established itself as a trusted financial ally since its inception in 1998.
 

**Media Contact**

For media inquiries or further information about CapitalPlus Financial Services, and its diverse array of working capital solutions, please contact:

John Goethert
Email: goethert@capitalplus.com
Phone: 865-670-2345